Renters insurance: inventory, liability and flood questions

Your practical coverage-review checklist

1. 1

   List major belongings, approximate replacement values and available receipts or photos.

2. 2

   Ask whether your personal property is covered on an actual-cash-value or replacement-cost basis.

3. 3

   Read the personal liability and additional-living-expense conditions in the actual policy.

4. 4

   Ask specifically about flood. Some renters policies require a separate flood policy or endorsement.

5. 5

   Confirm valuables limits and exclusions; eligibility and terms depend on the insurer and contract.